Media headlines about Ferrellgas Partners (NYSE:FGP) have trended somewhat positive on Wednesday, according to Accern. The research firm ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ferrellgas Partners earned a news impact score of 0.07 on Accern’s scale. Accern also gave media coverage about the oil and gas company an impact score of 46.1238461287487 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Head-To-Head Survey: Phillips 66 (PSX) versus Ferrellgas Partners (FGP) (americanbankingnews.com)
- Eye-Catching Shares – Ferrellgas Partners, LP (NYSE: FGP) – The Investor Guide (wallstreetnews24.com)
- Technical Facts tell us that more about the Ferrellgas Partners, LP (FGP) – Wall Street Morning (wallstreetmorning.com)
- Crossamerica Partners (CAPL) & Ferrellgas Partners (FGP) Financial Survey (americanbankingnews.com)
- Ferrellgas Partners, LP (FGP) crosses SMA-50 below with -20.51% – The Stocks News (press release) (thestocksnews.com)
Several research firms have recently weighed in on FGP. Zacks Investment Research lowered Ferrellgas Partners from a “hold” rating to a “strong sell” rating in a research note on Monday, December 11th. Raymond James Financial reiterated a “sell” rating on shares of Ferrellgas Partners in a research note on Thursday, December 7th. Royal Bank of Canada restated a “hold” rating and set a $5.00 price target on shares of Ferrellgas Partners in a research report on Tuesday, January 16th. Citigroup lowered Ferrellgas Partners from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 9th. Finally, ValuEngine lowered Ferrellgas Partners from a “sell” rating to a “strong sell” rating in a research report on Sunday, December 31st. Three analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. Ferrellgas Partners presently has an average rating of “Hold” and a consensus price target of $5.25.
Ferrellgas Partners (NYSE:FGP) last released its quarterly earnings results on Thursday, March 8th. The oil and gas company reported $0.49 EPS for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($0.12). The company had revenue of $755.16 million during the quarter, compared to analyst estimates of $703.96 million. During the same quarter in the previous year, the business posted $0.39 EPS. Ferrellgas Partners’s revenue was up 30.4% compared to the same quarter last year. research analysts anticipate that Ferrellgas Partners will post -0.68 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 16th. Shareholders of record on Friday, March 9th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 13.25%. The ex-dividend date of this dividend was Thursday, March 8th. Ferrellgas Partners’s dividend payout ratio is -39.60%.
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Ferrellgas Partners Company Profile
Ferrellgas Partners, L.P. is engaged in the retail distribution of propane and related equipment sales, and midstream operations, which include crude oil logistics. The Company’s segments include propane and related equipment sales, midstream operations-crude oil logistics, and corporate and other. The propane and related equipment sales segment consists of the distribution of propane and related equipment and supplies.
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